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LEASES
9 Months Ended
Sep. 30, 2022
Leases [Abstract]  
LEASES LEASES
The Company leases real estate properties for its network of bank branches, financial centers and corporate offices. All of the Company’s leases are currently classified as operating. Most lease agreements include one or more options to renew, with renewal terms that can extend the original lease term from one to twenty years or more. The Company does not sublease any of its leased real estate properties.
 
The following table provides information regarding the Company's leases as of the dates indicated:
Three Months Ended September 30,Nine Months Ended September 30,
2022202120222021
Components of lease expense:
  Operating lease cost (resulting from lease payments)$2,707 $3,047 $8,211 $9,333 
Supplemental cash flow information related to leases:
  Operating cash flows from operating leases$2,866 $3,208 $8,698 $9,762 
  ROU assets obtained in the exchange for lease liabilities due to:
      New leases$ $— $ $803 
      Acquisitions$ $— $ $— 
September 30, 2022December 31, 2021
Supplemental balance sheet information related to leases:
  Operating lease ROU assets$51,302 $57,872 
  Operating lease liabilities$59,962 $67,138 
Other information related to leases:
  Weighted average remaining lease term of operating leases8.6 years9.0 years
  Weighted average discount rate of operating leases2.97%2.92%
 
At September 30, 2022, the maturities of the Company’s operating lease liabilities were as follows:
 
(In thousands)Amount
Maturity: 
Remaining 2022$2,869 
202311,515 
20249,594 
20257,769 
20266,999 
Thereafter30,538 
Total undiscounted lease payments69,284 
Less: Present value discount(9,322)
Lease liability$59,962 
 
At September 30, 2022, the Company had no operating leases that have not yet commenced operations. The Company does not have any lease arrangements with any of its related parties as of September 30, 2022.